Alliancebernstein L.P. increased its stake in Generac Holdings Inc. (NYSE:GNRC - Free Report) by 19.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 370,477 shares of the technology company's stock after purchasing an additional 61,481 shares during the quarter. Alliancebernstein L.P. owned approximately 0.62% of Generac worth $57,442,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of GNRC. Modus Advisors LLC purchased a new position in Generac during the 4th quarter valued at about $27,000. Cranbrook Wealth Management LLC purchased a new position in Generac during the 4th quarter valued at about $28,000. Versant Capital Management Inc grew its stake in Generac by 391.9% during the 4th quarter. Versant Capital Management Inc now owns 182 shares of the technology company's stock valued at $28,000 after acquiring an additional 145 shares in the last quarter. Bank of Jackson Hole Trust purchased a new position in Generac during the 4th quarter valued at about $31,000. Finally, Spire Wealth Management grew its stake in Generac by 203.6% during the 4th quarter. Spire Wealth Management now owns 252 shares of the technology company's stock valued at $39,000 after acquiring an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 84.04% of the company's stock.
Generac Stock Performance
Shares of GNRC stock traded down $6.53 during trading hours on Thursday, reaching $108.13. 208,363 shares of the company's stock were exchanged, compared to its average volume of 885,715. Generac Holdings Inc. has a fifty-two week low of $99.50 and a fifty-two week high of $195.94. The stock has a market capitalization of $6.45 billion, a P/E ratio of 20.11, a P/E/G ratio of 1.44 and a beta of 1.58. The business has a fifty day moving average price of $132.70 and a 200-day moving average price of $155.69. The company has a quick ratio of 0.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.48.
Generac (NYSE:GNRC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $2.80 EPS for the quarter, topping analysts' consensus estimates of $2.49 by $0.31. Generac had a return on equity of 18.17% and a net margin of 7.36%. Analysts predict that Generac Holdings Inc. will post 8 EPS for the current fiscal year.
Insider Activity
In other Generac news, CEO Aaron Jagdfeld sold 5,000 shares of the company's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $145.15, for a total value of $725,750.00. Following the sale, the chief executive officer now directly owns 565,825 shares in the company, valued at $82,129,498.75. This represents a 0.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.90% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Several equities research analysts recently commented on GNRC shares. Citigroup lowered their price target on Generac from $172.00 to $162.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group lowered their price target on Generac from $193.00 to $168.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price target on Generac from $175.00 to $165.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Bank of America started coverage on Generac in a research note on Monday, March 24th. They issued a "buy" rating and a $182.00 price target for the company. Finally, Stifel Nicolaus lowered their price target on Generac from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $175.60.
Get Our Latest Analysis on GNRC
Generac Profile
(
Free Report)
Generac Holdings Inc designs, manufactures, and distributes various energy technology products and solution worldwide. The company offers residential automatic standby generators, automatic transfer switch, air-cooled engine residential standby generators, and liquid-cooled engine generators; Mobile Link, a remote monitoring system for home standby generators; residential storage solution, which consists of a system of batteries, an inverter, photovoltaic optimizers, power electronic controls, and other components; smart home solutions, such as smart thermostats and a suite of home monitoring products.
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